foxconn technology co ltd (2354) Top Compensated Officers

foxconn technology co ltd (2354) Key Developments

Foxconn to Open 12 Plants in India by 2020, Offer 1 Million Jobs

Jul 13 15

Foxconn Technology Group plans to create over one million jobs by setting up 10-12 manufacturing facilities across India by 2020, The Economic Times reports, citing Foxconn chairman Terry Gou. Foxconn plans to initially deploy the plants in five states including Andhra Pradesh, Gujarat, and Maharashtra, to later expand to other states across the country.

SoftBank Corp., Bharti Enterprises Limited and Foxconn Technology Group came together with plans to form a joint venture, SBG Cleantech Limited to promote the adoption of clean and safe energy in India. Subject to certain conditions, all three companies will jointly invest in the venture. SBG Cleantech will be a harbinger of solar and wind energy. Following the Indian Prime Minister's 100GW solar and 60GW wind target by 2022, the venture will invest in and develop renewable energy plants across India. SBG Cleantech is committed to contributing to the Government of India's mission of 24x7 power for all and the renewable energy target by 2022. The company intends to participate in the 2015-16 round of solar power plant tenders under the National Solar Mission (NSM) program and state-specific solar programs. SBG Cleantech will have Manoj Kohli who until recently led Bharti's emerging businesses, as Executive Chairman and Raman Nanda, as the CEO. The company will be headquartered in Delhi.

Foxconn Technology Group Plans to Build More Indian Bases

May 27 15

Foxconn Technology Group announced that the company will build ten to 12 bases in India by 2020 including plants and datacenters, which will cost USD 1 billion.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.